Hi no1stockguru,
Here is why investors are selling (bold & underlines are my edits):
"An investor who wishes to be entitled to the dividend does not have to wait until after the record date to sell the stock; however, the investor must hold the stock until the ex-dividend date. If the investor were to sell the stock on the ex-dividend date or afterwards, the investor would still be entitled to the dividend payment. In this example, assuming that the investor purchased the stock one day before the ex-dividend date, the investor would be a stockholder on the record date. If the investor sells the stock on the ex-dividend date, the buyer of the stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought the stock would not be entitled to receive the dividend.
An investor only needs to own the stock for one day (the record date) to be entitled to receive the dividend payment. If the investor buys before the ex-dividend date, and sells on the ex-dividend date or after, the investor will receive the dividend payment."**
**Reference: http://en.wikipedia.org/wiki/Ex-dividend_date
- Forums
- ASX - By Stock
- GRR
- Divvy
Divvy, page-2
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRR (ASX) to my watchlist
|
|||||
Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $312.4M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.5¢ | $692.7K | 2.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 88359 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 175112 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 22361 | 0.270 |
8 | 320182 | 0.265 |
17 | 558041 | 0.260 |
10 | 175685 | 0.255 |
18 | 339989 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 175112 | 4 |
0.280 | 190190 | 6 |
0.285 | 110361 | 4 |
0.290 | 466401 | 13 |
0.295 | 1661745 | 6 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
GRR (ASX) Chart |